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China's gold rush shows the Chinese still have money to spend — they're just not into Starbucks or GucciDespite their rush into gold assets, Chinese consumers aren't running out to buy other stuff, particularly foreign imports. This is a problem, particularly for luxury retailers, as China's demand ...
The California gold rush of 1849 had triggered America's earliest wave of Chinese immigration, with some 66,000 people, mostly men, arriving over the next decade. (About half of them stayed.) ...
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